This seminar will highlight the requirements of IFRS/HKFRS 15 that people may not already be aware of and share common misconceptions about applying the new revenue model. The speaker will take you through the agenda decisions of the IFRS Interpretations Committee and discussions of the IASB/FASB Joint Transition Resource Group for Revenue Recognition on selected topics of common interest. These materials often include information to help entities applying IFRS/HKFRS 15. Major topics to be covered: - Collectability assessment
- Identification of performance obligations in the contract
- Control principle
- Timing of revenue recognition
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